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On June 27, 2007, the board of directors elected Stumpf CEO, with Kovacevich retaining the chairmanship. In September 2009 Wells Fargo announced Kovacevich would step down as chairman and a director at the end of 2009 and retire from the company in early 2010 after 23 years with Norwest and Wells Fargo. [9]
The Richard Kovacevich Stock Index From January 2008 to December 2012, if you bought shares in companies when Richard Kovacevich joined the board, and sold them when he left, you would have a -4.5 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
Net income had reached $1.35 billion by 1994. Norwest had grown into this position of strength without completing any of the blockbuster mergers that shook up the banking industry in the 1990s, but in June 1998 the bank announced the pending merger with San Francisco-based Wells Fargo & Company in a stock swap worth $34 billion. [1]
Net worth ($ million) 1 Kevin Hern: Republican Oklahoma House Yes 361.0* 2 Rick Scott: Republican: Florida: Senate: Yes 259.7 3 Mark Warner: Democratic: Virginia: Senate Yes 214.1 4 Greg Gianforte: Republican Montana: House: No 189.3 5 Paul Mitchell: Republican Michigan: House No 179.6 6 Mitt Romney: Republican Utah: Senate Yes 174.5 7 Vernon ...
In the Oval Office for just three years, Gerald Ford grew his net worth by 400% from the time he entered the White House in 1974 until his death in 2006, according to the American University study ...
In 1957, Fortune magazine developed a list of the seventy-six wealthiest Americans, which was published in many American newspapers. [7] Jean Paul Getty, when asked his reaction to being named wealthiest American and whether he was worth a billion dollars, said, "You know, if you can count your money, you don't have a billion dollars" and then added, "But remember, a billion dollars isn't ...
Median net worth: $793,120 to $2,649,000. ... If your net worth increases over the years, it's a sign you're managing money well. ... Click here to read our full review for free and apply in just ...
Musk's net worth topped $400 billion on Wednesday, making him the first person to reach that mark. The billionaire had already gotten $155 billion richer this year, fueled by a rise in Tesla ...